Short Interest in Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Rises By 80.8%

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 14,826 shares, a growth of 80.8% from the May 14th total of 8,200 shares. Based on an average daily trading volume, of 11,063 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.4% of the company’s shares are sold short.

Gadsden Dynamic Multi-Asset ETF Stock Performance

GDMA stock traded up $0.70 during trading on Monday, hitting $42.76. 654 shares of the company traded hands, compared to its average volume of 15,124. The company has a 50-day moving average of $41.53 and a 200-day moving average of $40.93. The firm has a market capitalization of $156.50 million, a PE ratio of 18.40 and a beta of 0.10. Gadsden Dynamic Multi-Asset ETF has a 1 year low of $33.13 and a 1 year high of $43.32.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gadsden Dynamic Multi-Asset ETF stock. Redwood Wealth Management Group LLC purchased a new stake in shares of Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,693 shares of the company’s stock, valued at approximately $313,000. Redwood Wealth Management Group LLC owned about 0.21% of Gadsden Dynamic Multi-Asset ETF as of its most recent SEC filing.

Gadsden Dynamic Multi-Asset ETF Company Profile

The Alpha Architect Gadsden Dynamic Multi-Asset ETF (GDMA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed portfolio that may hold any asset class. The fund seeks total return. GDMA was launched on Nov 14, 2018 and is managed by Gadsden.